AMD to buy ATI for $5.4bn

[marcode]

Chip heavyweight AMD has announced it will buy graphics card and chipset maker ATI for $5.4bn in cash and stock.

The number two chipmaker is buying ATI to expand its product lines and grow its market share with particular focus on gaining ground in mobile computing and consumer electronics - and against its main rival Intel.

AMD will lay out $4.2bn in cash and 57 million shares of AMD common stock. It will pay $20.47 for each ATI share, about 25 per cent higher than ATI's closing share price on Friday.

AMD CEO Hector Ruiz will remain CEO and chairman of the new company. ATI president and CEO Dave Orton will become executive vice president of the ATI business division and will report to Ruiz and the new company's president and COO Dirk Meyer.

Ruiz said the deal will not only bring expansion to the two companies but "will drive growth and innovation for the entire industry".

http://hardware.silicon.com/desktops...9160645,00.htm

[Fusen]

surprised it took you so long to put this up marcode ;P

should be interesting tbh, around 2008-9 should be able to get a ncie ati+amd setup that is ridiculously matched to work off each other

[marcode]

surprised it took you so long to put this up marcode ;P

o_O

i prefer nvidia gear myself.

[DJAd]

So does this mean soon ATi graphics cards "will run best on AMD mobo"

Come on Intel, get your hands in your pockets, dual SLI CPUs anyone?